Title :
Value-creating potentials and attendant risks for R&D portfolios
Author :
Lee, Hwey-chyi ; Ouyang, Lishu
Author_Institution :
Dept. of Finance, Chang Jung Christian Univ., Tainan
Abstract :
The purpose of this study is to investigate the trade-off relationship between value creation (characterized by EVA) and attendant risks for R&D portfolios. The empirical data include 485 manufacturing and high tech Taiwanese firms during the years 2004 to 2007. Empirical results indicate that the percentage changes of EVA are sensitive to the time horizons used in amortized R&D capital and also found that the results are highly sensitive to firms with high R&D intensities.
Keywords :
manufacturing industries; organisational aspects; research and development; risk management; value engineering; R&D portfolios; high tech Taiwanese firms; manufacturing Taiwanese firms; value-creating potentials; Costs; Finance; Financial management; Investments; Portfolios; Project management; Research and development; Research and development management; Resource management; Risk management; EVA; R&D; Risk; Sensitivity Analysis;
Conference_Titel :
Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on
Conference_Location :
Bangkok
Print_ISBN :
978-1-4244-2329-3
Electronic_ISBN :
978-1-4244-2330-9
DOI :
10.1109/ICMIT.2008.4654540
